Libor trial delayed after new information provided

The Serious Fraud Office (SFO) has had to postpone the start of its third Libor trial after Barclays, the former employer of those accused, brought new evidence to its attention.

The SFO has said that the trial, which was originally scheduled to begin next week on 15 February, may now be delayed until mid-April as it may have to review the further material that has been provided.

The trial involves six individuals, who are all former employees of Barclays and who have been accused of fraud offences relating to manipulating the US Dollar-based London Interbank Offered Rate (Libor).